SEHK:577

Stock Analysis Report

Executive Summary

South Shore Holdings Limited, an investment holding company, engages in the hospitality, entertainment, and construction businesses in the People’s Republic of China, Singapore, and Malaysia.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Risks

  • South Shore Holdings has significant price volatility in the past 3 months.
  • South Shore Holdings is not covered by any analysts.

Share Price & News

How has South Shore Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.2%

SEHK:577

-2.7%

HK Construction

-2.0%

HK Market


1 Year Return

-71.5%

SEHK:577

-16.6%

HK Construction

-13.2%

HK Market

577 underperformed the Construction industry which returned -16.6% over the past year.

577 underperformed the Market in Hong Kong which returned -13.2% over the past year.


Share holder returns

577IndustryMarket
7 Day-2.2%-2.7%-2.0%
30 Day-6.3%-0.8%-2.7%
90 Day-24.7%-13.0%-9.8%
1 Year-71.5%-71.5%-13.4%-16.6%-10.0%-13.2%
3 Year-97.9%-99.1%-8.5%-16.6%31.3%18.1%
5 Year-99.1%-99.6%23.3%5.9%25.0%4.3%

Price Volatility Vs. Market

How volatile is South Shore Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is South Shore Holdings undervalued based on future cash flows and its price relative to the stock market?

0.049x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for South Shore Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for South Shore Holdings to establish if it is available at substantial discount.


Price Based on Earnings

South Shore Holdings is loss making, we can't compare its value to the HK Construction industry average.

South Shore Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for South Shore Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

South Shore Holdings is good value based on assets compared to the HK Construction industry average.


Next Steps

Future Growth

How is South Shore Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.5%

Forecasted Construction industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as South Shore Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has South Shore Holdings performed over the past 5 years?

-76.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

South Shore Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare South Shore Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare South Shore Holdings's 1-year growth to the HK Construction industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if South Shore Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if South Shore Holdings has efficiently used its assets last year compared to the HK Construction industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if South Shore Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is South Shore Holdings's financial position?


Financial Position Analysis

South Shore Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

South Shore Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

South Shore Holdings's level of debt (102.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (20.6% vs 102.2% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.8x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

South Shore Holdings has less than a year of cash runway based on current free cash flow.

South Shore Holdings has less than a year of cash runway if free cash flow continues to reduce at historical rates of -62.6% each year.


Next Steps

Dividend

What is South Shore Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate South Shore Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate South Shore Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as South Shore Holdings has not reported any payouts.

Unable to verify if South Shore Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as South Shore Holdings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of South Shore Holdings's salary, the management and board of directors tenure and is there insider trading?

13.3yrs

Average board tenure


CEO

South Shore Holdings has no CEO, or we have no data on them.


Board Age and Tenure

13.3yrs

Average Tenure

73yo

Average Age

The average tenure for the South Shore Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

South Shore Holdings insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellHK$909,76930 Apr 19
Ko Yuen Lau
EntityIndividual
Role
Deputy Chairman of the Board
Vice Chairman
Shares2,950,000
Max PriceHK$0.31
SellHK$90,00030 Apr 19
Ko Yuen Lau
EntityIndividual
Role
Deputy Chairman of the Board
Vice Chairman
Shares300,000
Max PriceHK$0.30
SellHK$170,13522 Nov 18
Omega Advisors, Inc.
EntityCompany
Shares554,000
Max PriceHK$0.31
SellHK$683,00118 Jul 18
Omega Advisors, Inc.
EntityCompany
Shares1,000,000
Max PriceHK$0.68

Ownership Breakdown


Management Team

  • Richard Liao (54yo)

    Chief Financial Officer

    • Tenure: 6.1yrs
  • Stanley Lo (61yo)

    Head of Civil Division and Group Legal Counsel

  • Tom Lau (67yo)

    Deputy Chairman of the Board

    • Compensation: HK$13.58m
  • Kwai Fung

    Head of E&M Department

  • Simon Cheung

    Head of Central Resources Division

  • Kai Yiu

    Chief Accountant

  • Kenny Li

    Head of Interior Contracting Department

  • Kinson Lee

    Head of Foundation Department

  • Harry Tsoi

    Head of Building Division

  • Peter Coker (49yo)

    Chairman of the Board

    • Compensation: HK$8.66m

Board Members

  • James Chiu (79yo)

    Independent Non-Executive Director

    • Tenure: 13.3yrs
    • Compensation: HK$1.46m
  • Francis Goutenmacher (76yo)

    Independent Non-Executive Director & Member of Luxury Advisory Board

    • Tenure: 6.3yrs
    • Compensation: HK$1.43m
  • Tom Lau (67yo)

    Deputy Chairman of the Board

    • Tenure: 14.4yrs
    • Compensation: HK$13.58m
  • Mimi Tang

    Member of Luxury Advisory Board

  • Chack Fan Lee (73yo)

    Independent Non-Executive Director

    • Tenure: 14.4yrs
    • Compensation: HK$1.25m
  • Walter Power (64yo)

    Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: HK$10.05m
  • Christian Blanckaert (73yo)

    Member of Luxury Advisory Board

  • Iain Ferguson Bruce (77yo)

    Independent Non-Executive Director

    • Tenure: 14.4yrs
    • Compensation: HK$1.34m
  • Johnny Chan (58yo)

    Independent Non-Executive Director

    • Tenure: 4.6yrs
    • Compensation: HK$531.00k
  • Peter Coker (49yo)

    Chairman of the Board

    • Compensation: HK$8.66m

Company Information

South Shore Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: South Shore Holdings Limited
  • Ticker: 577
  • Exchange: SEHK
  • Founded: 1946
  • Industry: construction and engineering
  • Sector: capital goods
  • Market Cap: HK$224.876m
  • Shares outstanding: 1.01b
  • Website: Click here

Number of Employees


Location

  • South Shore Holdings Limited
  • China Merchants Tower
  • Room 1005, 10th Floor
  • Sheung Wan
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
577SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2005
LOUI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 2005
KY2ADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2005

Biography

South Shore Holdings Limited, an investment holding company, engages in the hospitality, entertainment, and construction businesses in the People’s Republic of China, Singapore, and Malaysia. The company’s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/19 12:43
End of Day Share Price2019/06/18 00:00
Earnings2018/09/30
Annual Earnings2018/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.